DP charges
Regulation & taxA flat fee charged by the depository participant each time shares are debited from a demat account.
In plain terms
Charged per stock per day, not per share. It punishes small and fragmented positions hardest.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Discount broker
Trading & ordersA broker offering execution with little or no research or advisory, typically at zero delivery brokerage and a low flat charge per intraday or F&O order.
In plain terms
A ₹20 saving per order is irrelevant if the app freezes on the day the NIFTY moves 3%. DP charges, annual maintenance and square-off penalties are where a zero-brokerage broker actually earns.